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Category: BUSINESS

Posted on 20/08/2023

Application of corporate tax on the manufacturing companies in the UAE

The companies which are involved in manufacturing and processing of the goods in the UAE, they need to assess their position, to get the benefit of zero per cent CT on the QI. Where the nonresident …

Posted on 20/08/2023

Egypt expects to start buying UAE-financed wheat in January

Egypt expects to begin reaping the benefits of an Abu Dhabi-financed deal to buy $500 million of imported wheat in January, supply minister Ali Moselhy sai..

Posted on 20/08/2023

Dubai: Property prices stabilising after 2 years of increase

Several developers are seeking to accelerate their construction programmes with the aim of bringing handovers forward by 3-6 months’ …

Posted on 20/08/2023

Dubai Customs Pioneers Comprehensive Community Engagement with Diverse Initiatives

In its strategic blueprint, Dubai Customs has embraced the task of amplifying corporate social responsibility, aiming to cast a wider net of involvement. The objective is to partake in social, …

Posted on 20/08/2023

Uae: Will Dh50,000 Fine Apply If I Manage Friend’s Business While On Visit Visa?

I came to the UAE on a visit visa. A friend has offered me a job to manage his business in Dubai. Can I join immediately on the visit visa or do I need to first get an employment one? Answer : …

Posted on 20/08/2023

A peek inside UAE’s richest resident: Telegram billionaire founder, Pavel Durov’s luxurious retreat in Dubai’s Jumeirah Islands

After several years of moving between countries during the development of Telegram, Durov settled in Dubai in 2017, partly due to the favorable tax policies of the United Arab Emirates.

Posted on 19/08/2023

Watch: Customs officials uncover most unique way of gold smuggling, passenger from Dubai intercepted

We know various ways in which smugglers bring in gold illegally into the country. Smugglers have used carriers who carry gold paste concealed in their rectum or some who hide gold in rims of suitcases …

Posted on 19/08/2023

Us Beats Greece On Day 2 Of International Basketball Week In Abu Dhabi

Lebanon and Mexico join Egypt, Germany, Greece and the US in International Basketball Week, a series of exhibition games ahead of the 2023 FIBA World Cup, which will take place in the Philippines, Indonesia and Japan from 25th August 25 to 10th September.

Posted on 19/08/2023

UAE Corporate Tax: Are business owners better off drawing a ‘salary’ from their companies?

UAE corporate tax has pragmatically prescribed thresholds for various items such as transfer pricing documentation, Small Business Relief, interest expenses, etc. to ease the tax compliance.

Posted on 19/08/2023

Dubai Based Automotive Giant Milele, Expands Reach with More New Showrooms and Enriched Car Collection

Milele, a leading Dubai-based automotive solutions provider, and a tax-free motor vehicles exporter is all set to open more new showrooms and aims to diversify its car collection. Originating from its …

Posted on 19/08/2023

Emirati who built Dubai’s most quaint house passes away at 96

Prominent Emirati businessman Zakaria Khalid Ibrahim Doleh passed away early this Saturday morning at the age of …

Posted on 19/08/2023

Tractor Midfielder Naderi to Miss Sharjah Match at 2023-24 ACL Play-Off

Tractor will host Emirati football team Sharjah in the play-off round of the 2023-24 AFC Champions League at the Yadegar-e Emam Stadium in Tabriz on August 22. Tractor midfielder Behzad Salami will …

Posted on 19/08/2023

UAE to give visas to foreign patient’s companion if medical report states necessity of presence

While in Abu Dhabi and the Northern Emirates … Banned/prohibited goods are those whose import and export is banned under the Common Customs Law of the GCC States, or any other law or regulation …

Posted on 19/08/2023

UAE, other Gulf nations step up ‘green hydrogen’ campaign

The UAE Government bans the entry of certain goods and restricts some others. Banned/prohibited goods are those whose import and export is banned under the Common Customs Law of the GCC States, or any …

Posted on 19/08/2023

UAE and Ethiopia: Journeying towards shared developmental goals rooted around strong ties

Additionally, the UAE-Ethiopia Business Advisory Council is a key platform that supports Emirati investors and Ethiopian businesspersons to enhance their cooperation through identifying investment …

Posted on 19/08/2023

Dubai Real Estate: Is the uber-luxury sector really recession proof?

It’s my business to follow the trends in the global uber-luxury … At present, we are seeing a great many global investors flocking to Dubai to make uber-luxury property purchases, with the sales …

Posted on 19/08/2023

eCigarettes, live animals, black magic items are among 45 goods barred from being imported in UAE

The UAE Government bans the entry of certain goods and restricts some others. Banned/prohibited goods are those whose import and export is banned under the Common Customs Law of the GCC States, or any …

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